Yes. You can recommend a custom liquidation plan for the private shares in your Daffy fund. When a liquidity event occurs, such as an IPO, acquisition, or tender offer, Daffy reviews and honors liquidation recommendations whenever possible. A custom liquidation plan can recommend that Daffy:
Sell as many shares as possible
Sell shares gradually
Hold the shares
If you don’t recommend holding or selling gradually, Daffy’s default policy is to liquidate (sell) the shares as soon as possible. That way, your contributions can start supporting the causes you care about.
Note: Daffy considers member recommendations whenever possible. Sometimes Daffy can’t follow a recommendation, for example, when a sale event has time constraints or when the recommendation conflicts with investment direction from Daffy’s Board of Directors.
Like all donor-advised fund sponsors, Daffy has full control and final authority over investment decisions. Daffy operates under the direction of its Board of Directors and IRS guidelines. To learn more, see the investment options section of the Daffy Member Agreement.